The following financial statements were prepared at the end of the month of May: TOPS IN TOPIARY - INCOME STATEMENT FOR the month of May Revenue Expenses: $2,540 Rent Expense $500 Advertising Expense $500 Wages Expense $200 $1,200 Net Income $1,340 TOPS IN TOPIARY - STATEMENT OF OWNER'S EQUITY FOR the month of MAY Owner's Equity at May 1 $ 0 plus: Investment 2,000 plus: Net Income 1,340 less: Withdrawals 0 Owner's Equity at May 31 $3,340 TOPS IN TOPIARY - BALANCE SHEET AS OF MAY 31 ASSETS Current Assets: Cash Accounts Receivable Prepaid Rent Prepaid Advertising $1,380 $1,500 $ 500 $ 500 LIABILITES AND O Current Liabilities: Accounts Payable Advertising Payable Advances from Custor